Health Care

Since policy makers are prone to handing out tax credits, why not incent health care providers to help control overall costs. Providers treating low/no income patients at low/no charge get a tax credit.

Truth is Stranger than Fiction

A restaurant chain borrows almost a billion dollars for 30-years at 3.7%! (MCD) A chat room business files for an IPO with some estimating the market valuation at almost 100 billion dollars! (FB)

Housing

Earth to Fed: Very low interest rates won’t work and paradoxically compound the problem.  Lenders need a reasonable return for the risks. A 4% 30-year mortgage won’t do it.  5 to 8% might, and the monthly payment on a conforming loan…

State of the world

According to Thomson Reuters, 88 S&P companies have issued negative earnings preannouncements for the fourth quarter, compared with 25 positive announcements, creating a ratio of 3.5, the largest since the second quarter of 2001. Posted in Uncategorized | Leave a…

Europe still contracting

Markit’s Eurozone Composite Purchasing Managers Index (PMI), which measures changes in business activity across the euro zone, showed the euro zone’s private sector economy contracting for the third month in a row in November. Funding deficits of UK pension schemes…